As President Biden steps down from his re-election campaign and endorses Vice President Kamala Harris, the battle against inflation continues in the US. Evercore Chairman Emeritus Ralph Schlosstein joins Market Domination to discuss the current inflationary environment.

Schlosstein emphasizes that inflation "touches every single American," a reality that can be difficult to fully grasp even when wages are trending upward.

Regarding Harris's approach, Schlosstein suggests she will need to acknowledge "that life is harder" for many Americans and convey a clear plan "to bring the cost of living down." He commends the Biden-Harris administration for how they handled the inflationary environment, particularly for not placing blame on the Federal Reserve— calling the central bank "a fundamentally core tenet of the success of our economy."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination and be sure to check out the full interview with Ralph Schlosstein here.

This post was written by Angel Smith